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Fiscal Policy in a Growth Framework

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  • Norman Gemmell

Abstract

This paper assesses recent theorising and empirical evidence on the impact of fiscal policy—taxes, public expenditures and budget deficits—on long-run growth. It considers the relevance of recent advances in growth theory for low-income countries and compares the evidence for low-income countries with that for middle-and high-income (OECD) countries. [Discussion Paper No. 2001/84]

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Paper provided by eSocialSciences in its series Working Papers with number id:3163.

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Date of creation: Nov 2010
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Handle: RePEc:ess:wpaper:id:3163

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Keywords: fiscal policy; public expenditure; taxation; economic growth;

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Cited by:
  1. McGillivray, Mark & Feeny, Simon & Hermes, Niels & Lensink, Robert, 2005. "It Works; It Doesn't; It Can, But That Depends?: 50 Years of Controversy over the Macroeconomic Impact of Development Aid," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) RP2005/54, World Institute for Development Economic Research (UNU-WIDER).
  2. Adam, Christopher S. & Bevan, David L., 2005. "Fiscal deficits and growth in developing countries," Journal of Public Economics, Elsevier, Elsevier, vol. 89(4), pages 571-597, April.
  3. McKay, Andrew, 2002. "Assessing the Impact of Fiscal Policy on Poverty," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  4. Mark McGillivray & Simon Feeny & Niels Hermes & Robert Lensink, 2006. "Controversies over the impact of development aid: it works; it doesn't; it can, but that depends …," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(7), pages 1031-1050.
  5. Oliver Morrissey & Mark McGillivray, 2010. "Fiscal Effects of Aid," Working Papers id:3194, eSocialSciences.
  6. Kevin Hjortshøj O'Rourke & Richard S. Grossman & Madalina A. Ursu, 2013. "A monthly stock exchange index for Ireland, 1864-1930," Economics Series Working Papers, University of Oxford, Department of Economics 120, University of Oxford, Department of Economics.
  7. Afonso, António & Jalles, João Tovar, 2013. "Growth and productivity: The role of government debt," International Review of Economics & Finance, Elsevier, Elsevier, vol. 25(C), pages 384-407.
  8. Győrffy, Dóra, 2008. "Költségvetési kiigazítás és növekedés az Európai Unióban. Tanulságok Magyarország számára
    [Budget adjustment and growth in the European Union lessons for Hungary]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 962-986.

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